Sirma Group Holding [SIRM], a European technology group delivering enterprise software solutions, announced today its interim consolidated results for the first quarter of 2026. These results highlight strong profitability growth and the continued successful implementation of its strategy.
In the first quarter of 2026, the company generated revenue of EUR 17.6 million, representing a 7.1% increase from the same period last year. EBITDA also grew 55.7% to EUR 1.6 million. Additionally, net profit more than doubled year-on-year, totaling EUR 0.8 million. This improvement was driven by enhanced operational efficiency and a shift towards higher-margin activities.
Tsvetan Alexiev, CEO of Sirma Group Holding, commented:
“The first quarter of 2026 demonstrates Sirma’s continued strategic progress, with strong double-digit growth in profitability and solid revenue expansion despite a volatile macroeconomic environment. Our successful Frankfurt listing and continued development of AI-driven solutions reinforce our position as a preferred technology partner of choice across key industries.”
Geographies
Europe remained the Group’s core market, generating over 80% of revenue, while IT services and system integration continued to be the main business drivers. US and UK sales constitute the remaining market share. Recurring revenue accounted for 34% of total revenue, supporting visibility and stability.
Operational Highlights
During the quarter, Sirma successfully completed its dual listing on the Frankfurt Stock Exchange, expanded sales of the Sirma.AI Enterprise platform, strengthened its partnership network with IBM Golden Partner status, and launched new AI-driven solutions, including the FreightGo platform.
Outlook
Sirma operates in a global ICT market characterized by continued growth in demand for AI-driven solutions and digital transformation. Global IT spending is expected to grow significantly in 2026, with Gartner forecasting global IT spending to reach $6.31 trillion this year, a 13.5% increase compared to 2025 and nearly 3% more than Gartner anticipated in February, at 10.8% growth, supported by investments in AI infrastructure, software, and cloud services. Despite macroeconomic uncertainty, Sirma remains well-positioned to benefit from sustained demand for digital transformation and AI, and continues to target long-term growth and expanding international presence.
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